BREAKING: The EU proposes 25% counter-tariffs on range of US imports to take effect from May 16th

European Commission proposed counter-tariffs of 25% on a range of U.S. goods on Monday in response to President Donald Trump’s tariffs on steel and aluminium, a document seen by Reuters showed.

The tariffs on some goods will take effect May 16 and others later in the year, on December 1, the document said.

The goods are wide-ranging and include diamonds, eggs, dental floss, sausages and poultry. The counter-tariffs on almonds and soybeans will take effect on December 1.